Staying together or breaking apart: Policy-makers' endogenous coalitions formation in the European economic and monetary Union

Bas van Aarle (), Giovanni Di Bartolomeo (), Jacob Engwerda () and Joseph E. Plasmans ()

Working Papers from University of Antwerp, Faculty of Applied Economics

Abstract: In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal and monetary authorities are formed and what are their effects on the stabilization of output and price. In particular, our attention is directed to study the consequences on these issues of different institutional contexts in which policy-makers may act. Among other results, we found that, in the presence of externalities, the occurrence of asymmetries is a necessary but not a sufficient condition for cooperation.

Date: 2002-03

Downloads: (external link)
http://www.ua.ac.be/download.aspx?c=*TEWHI&n=14358&ct=009824&e=21244 (application/pdf)

Related works:
Working Paper: Staying Together or Breaking Apart: Policy-makers' Endogenous Coalitions Formation in the European Economic and Monetary Union (2002)
Working Paper: Staying Together or Breaking Apart: Policy-Makers’ Endogenous Coalitions Formation in the European Economic and Monetary Union (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ant:wpaper:2002013

Access Statistics for this paper

More papers in Working Papers from University of Antwerp, Faculty of Applied Economics
Contact information at EDIRC.
Series data maintained by Joeri Nys ().